Unite brand Lloyds Banking Group strategic review an “arbitrary
slashing of jobs”
30 June 2011
David Fleming, Unite national officer, said: “The long awaited
results of the Lloyds strategic review will cause deep distress and
anxiety across the company as staff face the reality of this
arbitrary slashing of jobs. Astonishingly one in eight roles will
be lost over the next three years. This review is merely
another box ticking exercise to give this bank, which has already -
since its creation two years ago - cut over 27,000 staff, an excuse
to sack more employees.
“The conclusion of this review to make 15,000 staff cuts is yet
another extreme example of the financial services industry cutting
vital staff in a desperate attempt to create a mirage of
acceptability following the financial crisis. But this total
failure to take significant action to make appropriate changes to
rebuild the public confidence in the sector is deplorable.
“Today Lloyds Banking Group is simply attacking the workforce who
service local communities and deliver the highest levels of service
to the consumers of the bank. This review does nothing to deal with
the structural challenges facing the organisation.
“From this much hyped up strategic review, there is still no
clarity how Lloyds will help deliver economic growth or to give
consumers choice on the high street. The massive cuts announced
today, coupled with the directive to sell some 600 branches does
nothing for customers or businesses to ease the financial pressures
they face, only creating more insecurity across the economy.”
ENDS
For more information please contact: Saba Mozakka, Unite press
office on: 07768 693 953.
